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They are likely to be offered interest rates of no more than 4%—less than the 7% offered to domestic creditors last month.
Recent figures cited by FICO suggest those having credit scores of 660-689 are offered interest rates that are nearly twice as high as consumers in the 720-850 range.
For example, Qatar took a $5.5 billion loan from international lenders in January, much lower than the expected $10 billion that was anticipated, reportedly because the offered interest rates were too high.
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G.M., the world's largest automaker, offered interest-free financing across much of its lineup for several months after the Sept. 11 attacks.
The Chrysler division of DaimlerChrysler followed the lead of its rivals yesterday and offered interest-free loans and cash rebates on a variety of 2003 models.
Members of the armed forces will be offered interest-free loans towards a deposit on a home, defence secretary Philip Hammond announced.
San Francisco-based Union Bank, a subsidiary of Japan's Mitsubishi UFJ Financial Group, has offered interest-only loans for more than a decade, including a popular type of jumbo loan that has the rate fixed for the first 10 years before borrowers must start paying down the balance.
Neither do convertibles offer attractive rates of interest, if indeed they offer interest at all.
Also offer interest free loans; and activate precise standards and specifications for new hotels.
Do they offer interest groups a wedge to stall major capital projects to death?
The law doesn't force them to offer interest, and many smaller institutions will be reluctant to do so.
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